Leading SaaS platform and absence management solution top list of innovations fueling success
Livonia, Michigan – May 11, 2011 – WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, announces tremendous growth in the first quarter of 2011, on the heels of industry-leading product innovations and continued R&D investments through fiscal year 2010.
Q1 Revenue and Profits Surge, Led by SaaS Demand
In the first quarter of 2011, WorkForce Software recorded its largest revenue and net income in company history. Historic highs in new business sales, customers expanding their use of EmpCenter, and sales of new products and extensions to existing customers contributed to WorkForce Software’s record-breaking quarter. Total revenues were up by 33% sequentially from the fourth quarter of 2010, and represented a gain of 55% compared with the same period in 2010. SaaS revenues continued to outpace other areas, increasing by 67% on a year-over-year basis.
Additions to the WorkForce Software client base during Q1 2011 include CML HealthCare and Canon U.S.A. During this period, the company also experienced significant upgrades and purchases of additional WorkForce Software solutions within the existing client base. Furthermore, the company continues to expand aggressively within Canada and other select geographies as part of the company’s global expansion.
“We are very excited to enter 2011 with such early success and momentum,” commented WorkForce Software CEO and co-founder Kevin Choksi. “During 2010, we focused on developing new technologies to address growing Human Resources issues – such as employee absence and leave management, employee fatigue management and applications for mobile devices. Through these ongoing R&D efforts, as well as maintaining a close relationship with our growing client base, we have been able to keep pace with the tactical and strategic needs of the marketplace.”
Diverse New Clients, Expanded Suite Drive 2010 Momentum
Significant wins across a diverse array of industries marked the 11th straight year of sales growth for EmpCenter’s core suite of time & attendance, employee scheduling, and labor analytics applications. More than a dozen large enterprises – such as Newell Rubbermaid and Taylor Corporation – selected EmpCenter Time and Attendance to automate 100% of their complex workforce challenges, while numerous mid-sized organizations took advantage of the rapid deployment time and leading flexibility of EmpCenter® Express.
WorkForce Absence Compliance Tracker® (ACT) – announced at the 2010 HR Technology Conference & Expo – further accelerated WorkForce Software’s rapid growth and rounded out EmpCenter’s end-to-end strategic workforce management suite. ACT received immediate traction among existing clients and the broader market and serves as a strong growth engine in early 2011 success.
Mobile and SaaS Herald Next Generation WFM
Recognizing the transformative impact of smartphone adoption in today’s workplace, WorkForce Software launched its first mobile application, EmpCenter To Go, in 2010. Intuitive and standards-based, the solution delivers powerful self-service capabilities in the palm of a manager’s or employee’s hands and enables users to perform critical time and labor functions without requiring access to a computer. Organizations across a variety of industries, including a global consumer electronics manufacturer and a large Florida K-12 school district, have selected EmpCenter To Go to empower managers with a solution aligned to the growing reliance on smartphones in their day-to-day operations.
As further evidence of workforce management’s rapid evolution, demand for SaaS-based solutions eclipsed other buying trends in 2010. New customers repeatedly opted for EmpCenter Delivered to leverage WorkForce Software’s enterprise-grade SAS 70 hosted environment, which now represents the clear majority of EmpCenter deployments.
“When we launched EmpCenter Delivered, we recognized that SaaS was the future of enterprise software,” noted Kathy Cannon, WorkForce Software’s co-founder and Vice President of Product Management. “Less than 24 months later, EmpCenter Delivered is among the most widely adopted SaaS-based workforce management solutions on the market, and our decision to invest in SaaS has been strongly validated by customer demand.”
As stories of the detrimental effect of employee fatigue continue to dominate news cycles, WorkForce Software will soon introduce a series of informative ‘webcasts’ detailing how organizations can effectively monitor and mitigate fatigue. Leveraging the expertise gained by developing and delivering employee fatigue management solutions to nearly 70% of all nuclear power plants within the United States, WorkForce Software is uniquely positioned to help employers in other industries – such as aviation, petrochemical, manufacturing and more – address the complex and high-stakes issue of employee fatigue.
For more information, visit www.workforcesoftware.com or contact us at (877) 493-6723.
About WorkForce Software
WorkForce Software, Inc. is the leader in workforce management solutions for organizations with complex policies and compliance concerns. Its EmpCenter suite enables strategic HR by automating and streamlining interactions between the employer and its workforce, enabling organizations to better manage payroll and processing costs, help ensure compliance with state and federal regulations, and increase the productivity and satisfaction of their employees. The EmpCenter suite is composed of numerous applications aimed at addressing an organization’s end-to-end workforce management needs, including time & attendance, absence management, employee scheduling, and workforce analytics. WorkForce Software’s diverse customer base includes large employers such as the University of California, Pacific Gas & Electric Company, Blizzard Entertainment, Duke Energy and BBVA Compass. For more information, visit www.workforcesoftware.com.
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